DODBX vs. SPY
Compare and contrast key facts about Dodge & Cox Balanced Fund (DODBX) and State Street SPDR S&P 500 ETF (SPY).
DODBX is managed by Dodge & Cox. It was launched on Jun 25, 1931. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
DODBX vs. SPY - Performance Comparison
Loading graphics...
DODBX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | -0.36% | 14.44% | 8.76% | 13.77% | -7.30% | 19.21% | 7.93% | 19.64% | -4.66% | 11.51% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, DODBX achieves a -0.36% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, DODBX has underperformed SPY with an annualized return of 9.45%, while SPY has yielded a comparatively higher 14.06% annualized return.
DODBX
- 1D
- 1.37%
- 1M
- -3.79%
- YTD
- -0.36%
- 6M
- 1.20%
- 1Y
- 8.67%
- 3Y*
- 11.26%
- 5Y*
- 7.08%
- 10Y*
- 9.45%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DODBX vs. SPY - Expense Ratio Comparison
DODBX has a 0.52% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
DODBX vs. SPY — Risk / Return Rank
DODBX
SPY
DODBX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Balanced Fund (DODBX) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DODBX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.96 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.49 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.53 | -0.42 |
Martin ratioReturn relative to average drawdown | 4.57 | 7.27 | -2.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DODBX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.96 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.70 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.79 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.56 | +0.16 |
Correlation
The correlation between DODBX and SPY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DODBX vs. SPY - Dividend Comparison
DODBX's dividend yield for the trailing twelve months is around 7.25%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | 7.25% | 7.53% | 8.21% | 4.64% | 8.67% | 10.62% | 6.92% | 9.35% | 9.57% | 7.53% | 5.59% | 5.44% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
DODBX vs. SPY - Drawdown Comparison
The maximum DODBX drawdown since its inception was -50.20%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DODBX and SPY.
Loading graphics...
Drawdown Indicators
| DODBX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.20% | -55.19% | +4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -12.05% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -24.50% | +6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -31.29% | -33.72% | +2.43% |
Current DrawdownCurrent decline from peak | -4.13% | -5.53% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -9.09% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.54% | -0.66% |
Volatility
DODBX vs. SPY - Volatility Comparison
The current volatility for Dodge & Cox Balanced Fund (DODBX) is 3.03%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that DODBX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DODBX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 5.35% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 5.55% | 9.50% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 19.06% | -9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.82% | 17.06% | -6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.26% | 17.92% | -4.66% |